Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Dollars per Long Ton, Not Seasonally Adjusted

Frequency:  Monthly

Quotations Are Averages Of Weekly Quotations From Iron Age. In November, 1921,"Bessemer" Steel Rails And "Open-Hearth" Became Identical. Prior To This Date A Constant Differential Of $2.00 Existed Between The Two, Open-Hearth Being The Higher. The Extra $2.00 A Long Ton, Which Was For Many Years Charged For Open Hearth Rails, Was Annulled With The Rail Price Announced On October 22, 1921. (The $2.00 Differential Persisted During The Last Week Of October, However, But The Prices Of Bessemer And Open-Hearth Coincided Beginning In November. From 1868-1921, The Bessemer Price Was Used. The Figure Given Through 1918 (55.0) Was The Maximum Price Allowed By Government. Source: American Iron And Steel Institute, Annual Reports; Iron Age; Bls Bulletins And "Wholesale Prices."

This NBER data series m04181 appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.

NBER Indicator: m04181